21502 Cole RdCarthageNY13619
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Carthage at 21502 Cole Rd, Carthage, NY, 13619 priced at $177,500 pairs $1,426/mo rent with $240/mo cash flow after a $869/mo payment. Total monthly income equals $1,426/mo, and annual cash flow comes to $2,886/yr on $58,841 invested. Return on cash invested is 24.81% in year one, and rental yield stands at 9.64% on a $177,500 basis. Equity gained on principal adds $1,145/yr, and 5% annual appreciation accumulates to $49,040 by year five. Five-year ROI measures 129.83% and total cumulative return in cash reaches $76,392. For financing, Ziffy Mortgage’s DSCR program evaluates $1,426/mo property income against a $869/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1976
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13619, Carthage, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,342 (100%) |
| Owner Occupied HU | 2,743 (51.3%) |
| Renter Occupied HU | 1,786 (33.4%) |
| Vacant Housing Units | 813 (15.2%) |
| Median Home Value | $202,417 |
| Average Home Value | $239,043 |
Housing Distribution
Address Breakdown
Residential
4,248
Single Family
3,726
Multi-Family
522
Businesses
213
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